Last year in early december I bought eBitcoin token which turned out to be a scam. Luckily for me I sold them before the ePRX snapshot but alot others have made losses. I really believed this token would be a succes but I've realized that alot of these ERC20 tokens have the same things in common. The devs (or better said scammers) create alot of hype and pretend their token to be the real deal while they never intended to create a working product. I've thought about investing in tokens like Credits and Elixir but I'm afraid they are all the same kind of scam.
Do you trust them?
I couldnt disagree that most of these projects are turning into scams which is why theres no doubt there are going to be less investors in the near future,as most of these new projects doesnt have good concept or it is good to be true but we shouldnt be closing our doors with these token based projects because some of these might be still useful to our community we just need to filter these projects to prevent scam potentials.